U.S. Steel yesterday disavowed a push from activist investor Ancora Holdings to drop its proposed sale to Japan's Nippon Steel Co. Why it matters: The future of the Pittsburgh icon is in limbo after a proposal to sell the company to Nippon was blocked by then-President Biden four weeks ago,

Ancora Holdings, a Mayfield Heights-based institutional asset management company and private wealth advisor, is calling on U.S. Steel to drop its merger agreement with Japanese-owned Nippon Steel, end its litigation against the federal government seeking to keep the deal alive and oust its Chief Executive.

An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.

U.S. Steel filed a separate federal lawsuit against the Ohio steelmaker and its CEO Lourenco Goncalves, as well as David McCall, the head of the U.S. Steelworkers union, accusing them of ...

Ancora intends to force U.S. Steel to end litigation aimed at rescuing the Nippon Steel deal and instead collect a $565 million breakup fee, it said Monday, Jan. 27, in a statement. “There is no legal precedent for the litigation brought by U.S. Steel ...

The industry has been struggling, as distributors have refrained from purchasing material in excess of their inventory amid a supply glut fueled by domestic production and imports. U.S. Steel is attempting to salvage an about $15 billion sale to Nippon Steel and navigate rivals Cleveland-Cliffs and Nucor vying for a shot at a takeover.

Shares of U.S. Steel Corp. (X) held steady with gains of nearly 0.5% in morning trade on Thursday as investors keep their eyes peeled ahead of the company’s fourth-quarter results scheduled for after-market hours.

Reports Q4 revenue $3.51B, consensus $3.24B. Commenting on the Company’s fourth quarter performance, U. S. Steel President and Chief Executive

U.S. Steel’s fourth-quarter number and guidance aren’t all that impressive. It doesn’t matter. U.S. Steel has become a hot property in its industry.

Bluefin Capital Management LLC briefly popped up as the second-largest investor in United States Steel Corp. this week, the latest twist in an eventful year or so for the American steelmaker.

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U.S. Steel filed a separate federal lawsuit against the Ohio steelmaker and its CEO Lourenco Goncalves, as well as David McCall, the head of the U.S. Steelworkers union, accusing them of ...